This meeting will be held via teleconference only in order to reduce the risk of spreading COVID-19 and pursuant to AB 361 and the County of Los Angeles Public Health Officer’s Order (revised September 22, 2022). All votes taken during this teleconference meeting will be by roll call vote, and the vote will be publicly reported.
HOW TO VIEW THE MEETING: No physical location from which members of the public may observe the meeting and offer public comment will be provided. Please view the meeting, which will be live streamed at https://malibucity.org/video and https://malibucity.org/VirtualMeeting.
HOW TO PARTICIPATE BEFORE THE MEETING: Members of the public are encouraged to submit email correspondence to [email protected] before the meeting begins.
HOW TO PARTICIPATE DURING THE MEETING: Members of the public may also speak during the meeting through the Zoom application. You must first sign up to speak before the item you would like to speak on has been called and then you must be present in the Zoom conference to be recognized.
Please visit https://malibucity.org/VirtualMeeting and follow the directions for signing up to speak and to download the Zoom application.
Malibu City Council
Administration and Finance Subcommittee
Special Meeting Agenda
(to be held during COVID-19 emergency)
Wednesday, November 30, 2022
2:00 P.M.
Various Teleconference Locations
YOU MAY VIEW THIS MEETING LIVE OVER THE INTERNET AT
MALIBUCITY.ORG/VIDEO
Councilmember Mikke Pierson
Councilmember Steve Uhring
Call to Order
Roll Call
Approval of Agenda
Report on Posting of the Agenda – November 29, 2022
Administration and Finance Subcommittee
November 30, 2022 Special Meeting
1. Presentations
None.
2. Old Business
None.
3. New Business
A. Approval of Minutes – November 16, 2022
Recommended Action: Approve the minutes for the Administration and Finance Subcommittee Special meeting of November 16, 2022.
Staff Contact: Executive Assistant Linden, 456-2489, ext. 232 B. Fiscal Year 2021-2022 Fourth Quarter Financial Report Recommended Action: Review Fiscal Year 2021-2022 Fourth Quarter financial information.
Staff contact: Assistant City Manager Toney, 456-2489 ext. 224 C. Fiscal Year 2022-2023 First Quarter Financial Report Recommended Action: Review Fiscal Year 2022-2023 First Quarter financial information.
Staff contact: Assistant City Manager Toney, 456-2489 ext. 224 Adjournment
I hereby certify under penalty of perjury, under the laws of the State of California, that the foregoing agenda was posted in accordance with the applicable legal requirements. Special meeting agendas may be amended up to 24 hours in advance of the meeting. Dated this 29th day of November 2022, at 12:15 p.m. ___________________________________
Mary Linden, Executive Assistant
Agenda Item 3.A.
Administration &
Finance Subcommittee
Special Meeting
11-30-22
Item 3.A.
Administration and Finance
Subcommittee Agenda Report
To: Councilmember Pierson and Councilmember Uhring
Prepared by: Mary Linden, Executive Assistant
Approved by: Steve McClary, City Manager
Date prepared: November 28, 2022 Meeting date: November 30, 2022 Subject: Approval of Minutes – November 16, 2022
RECOMMENDED ACTION: Approve the minutes for the Administration and Finance Subcommittee Special meeting of November 16, 2022.
DISCUSSION: Staff has prepared draft minutes for the Administration and Finance Subcommittee Special meeting of November 16, 2022, and hereby submits the minutes to the Subcommittee for approval.
ATTACHMENTS: Draft Minutes for the November 16, 2022 Administration and Finance Subcommittee Special meeting
MINUTES
MALIBU ADMINISTRATION & FINANCE SUBCOMMITTEE
SPECIAL MEETING
NOVEMBER 16, 2022
TELECONFERENCED - VARIOUS LOCATIONS
3:00 P.M.
The following meeting was held pursuant to AB 361 and fully teleconferenced from various locations during the coronavirus disease (COVID-19) pandemic.
CALL TO ORDER
Councilmember Pierson called the meeting to order at 3:31 p.m.
ROLL CALL
The following persons were recorded in attendance:
PRESENT: Councilmember Mikke Pierson and Councilmember Steve Uhring ALSO PRESENT: City Manager Steve McClary; Assistant City Manager Joseph Toney; Deputy City Manager Elizabeth Shavelson; Finance Manager Renée Neermann; Media Technician Parker Davis; and Executive Assistant Mary Linden
APPROVAL OF AGENDA
MOTION Councilmember Uhring moved, and Councilmember Pierson seconded a motion to approve the agenda. The question was called, and the motion carried unanimously.
REPORT ON POSTING OF AGENDA
Executive Assistant Linden reported that the agenda for the meeting was properly posted on November 15, 2022.
ITEM 1 PRESENTATIONS
None.
ITEM 2 OLD BUSINESS
None.
ITEM 3 NEW BUSINESS
A. Approval of Minutes – November 8, 2022
Recommended Action: Approve the minutes for the Administration and Finance Subcommittee Special meeting of November 8, 2022.
MOTION Councilmember Uhring moved, and Councilmember Pierson seconded a motion to approve the minutes for the Administration and Finance Subcommittee Special Malibu Administration and Finance Subcommittee
Special Meeting
Minutes of November 16, 2022
_________________________
meeting of November 8, 2022. The question was called, and the motion carried unanimously.
B. Comprehensive Development Services Review Consultant Agreement Recommended Action: Provide a recommendation to the City Council on the appropriation of $81,000 from the General Fund Undesignated Reserve to fund a Professional Services Agreement for a Comprehensive Development Services Review.
Assistant City Manager Toney presented the report.
In response to Councilmember Pierson, Assistant City Manager Toney discussed the selected firm’s extensive experience, and familiarity with Malibu and similar cities. He stated the firm had completed similar reviews for other cities. In response to Councilmember Pierson, Assistant City Manager Toney stated the goal was to improve workflow and operations. He stated if additional related costs were needed, they would be brought back with the budget for Fiscal Year 2023-2024.
In response to Councilmember Uhring, Assistant City Manager Toney stated the agreement would be brought to the City Council on November 28, 2022.
City Manager McClary stated the consultant would focus on processes and potential choke points. He stated recommended changes would lead to better decisionmaking. He stated a critical factor was outreach to stakeholders. In response to Councilmember Uhring, City Manager McClary confirmed members of the City Council and Planning Commission would be included in the process.
MOTION Councilmember Pierson moved, and Councilmember Uhring seconded a motion to recommend that the City Council approve the appropriation of $81,000 from the General Fund Undesignated Reserve to fund a Professional Services Agreement for a Comprehensive Development Services Review. The question was called, and the motion carried unanimously.
ADJOURNMENT
At 3:41 p.m., Councilmember Pierson adjourned the meeting.
Approved and adopted by the Administration and Finance
Subcommittee of the City of Malibu on _____________.
______________________________
MIKKE PIERSON, Councilmember
ATTEST:
_________________________________
MARY LINDEN, Executive Assistant
Agenda Item 3.B.
Administration &
Finance Subcommittee
Special Meeting
11-30-22
Item 3.B.
Administration and Finance
Subcommittee Agenda Report
To: Councilmembers Pierson and Uhring
Prepared by: Joseph D. Toney, Assistant City Manager
Reviewed by: Renée Neermann, Finance Manager
Approved by: Steve McClary, City Manager
Date prepared: November 21, 2022 Meeting date: November 30, 2022 Subject: Fiscal Year 2021-2022 Fourth Quarter Financial Report RECOMMENDED ACTION: Review Fiscal Year 2021-2022 Fourth Quarter financial information.
FISCAL IMPACT: As of June 30, 2022, the projected budget General Fund Undesignated Reserve at June 30, 2022 is $57.4 million (unaudited).
DISCUSSION: The attached report provides revenue, expenditure and fund balance totals for the fourth quarter of Fiscal Year 2021-2022.
The Adopted Budget is approved by City Council, typically in June, via resolution, and the Amended Budget includes the ongoing appropriation revisions that occur throughout the fiscal year.
As the Revenues by Fund Report (pages A 1-5) shows, the General Fund revenues have exceeded budget estimates. Specifically, the report reflects General Fund revenues received of $53.4 million or 110.1% of the amended budget amount and 137.9% of the adopted budget for the fiscal year. The General Fund revenue sources were conservatively budgeted for in anticipation of the ongoing economic impacts of the COVID19 pandemic and were based on information from both the State and the County. Malibu’s economic recovery has continued to grow rapidly and it is reflected in many of the revenue sources. Total revenue of all funds received during the fiscal year is $65.3 million or 68.9% of the amended budgeted amount for the fiscal year.
Agenda Item 3.B.
Many of the City’s tax revenues outperformed the projected budget. Property Tax revenue came in at $13.24 million, which is $345,000 more than the amended budget amount. The City received $1.6 million in Documentary Transfer Tax which is $610,000 more than the amended budget. Sales Tax ended the year at $5.8 million, which is a $1.3 million increase over the amended budget and nearly $2.3 million over the adopted budget. Retail sales and dining continue to do much better than anticipated and predicted during the pandemic.
In the fourth quarter of the fiscal year (April, May, June), all sales receipts actuals were up
17.4% over the same period of the prior year. Restaurants make up the largest share of the City’s Sales Tax revenue at about 39%. The industry experienced a cumulative 38% growth over the prior year.
Transient Occupancy Tax (TOT) – Hotels and Motels exceeded the amended budget by $1.0 million and the adopted budget by 1.8 million. The City received $6.6 million from TOT – Private Rentals primarily due to the increased TOT rate that went into effect on January 1, 2021, and the increase in local travel as the pandemic waned. The City received $5.3 million in TOT - Private Rentals in the prior fiscal year. It was anticipated that the Hosted Short-Term Rental ordinance would be implemented and reduce revenues, but the ordinance was under review by the California Coastal Commission at the time, and ultimately it was not approved by the Coastal Commission.
Building and renovations in the community continue to be active as Planning, Environmental Sustainability, and Public Works are taking in a greater than average number of applications, reviewing projects and processing permits. Revenue from Licenses and Permits exceeded the adopted budget by nearly $900,000, and $700,000 over the amended budget. Revenue from Service Charges exceeded the adopted budget by over $1.3 million, and $870,000 over the amended budget.
Overall, the total General Fund Revenues resulted in $3.4 million more than the amended budget and $13.2 million more than was anticipated at adoption.
The Expenditure by Fund Report (pages A 6-9) reflects any budget carryovers from Fiscal Year 2020-2021, as well as the appropriations approved by the City Council for the current fiscal year in the Amended Budget column. Budget Adjustments, Carryovers and Council Appropriations total $1.9 million as of June 30, 2022. General Fund expenditures for the fiscal year total $36.7 million or 87.5% of the amended budgeted amount. Expenditures for all funds total $47.2 million or 50.5% of the amended budgeted amount. The low expenditure amount of all funds in relation to the budget is primarily due to pauses in progress on capital projects, the most significant of which is the $16.5 million for the Civic Center Water Treatment Facility (CCWTF) Phase Two.
Projected Fund Balances for the fiscal year end are reflected on page A-10. The projected Undesignated Fund Balance at June 30, 2022 reflects all expenses appropriated by the Council as of June 30, 2022. The City ended Fiscal Year 2020-2021 with $43.9 million in
Agenda Item 3.B.
the Undesignated General Fund Reserve. As of June 30, 2022, the unaudited General Fund Undesignated Reserve is $57.4 million. This is $27.9 million more than the $29.5 million that was projected at the time of budget preparation. The City’s Projected General Fund Undesignated Reserve will be approximately 129.9% of the $44.2 million Fiscal Year 2022-2023 operating budget and will exceed the 65% targeted reserve amount. The Council also established a $6.5 million General Fund Designated Reserve for Fiscal Year 2021-2022 operating expenses in case of need due to the pandemic, and this reserve remains for contingencies.
The Treasurer’s Cash and Investment Report is attached on page A-11.
The Fiscal Year 2021-2022 Fourth Quarter Financial Report will be presented to the City Council on December 12, 2022.
ATTACHMENTS: Fiscal Year 2021-2022 Fourth Quarter Financial Report
REVENUES BY FUND
June 30, 2022
Object Description
2021-2022
Adopted
Amended
Budget
Received
06/30/2022
Percentage
Received
2021-2022
Unaudited
100, 101, 102 & 103 General Fund
3111 Current Year Secured Property Tax 12,400,000 $ 12,900,000 $ 13,244,706 $ 102.7% 13,244,706 $ 3112 Current Year Unsecured Property Tax 425,000 425,000 436,936 102.8% 436,936 3113 Homeowner's Exemption 60,000 60,000 59,557 99.3% 59,557 3114 Prior Year Secured Property Tax 1,000 1,000 32 3.2% 32 3115 Prior Year Unsecured Property Tax 10,000 10,000 - 0.0% - 3118 Property Tax In-Lieu 2,250,000 2,250,000 2,313,619 102.8% 2,313,619 Revenue from Property Taxes 15,146,000 15,646,000 16,054,850 102.6% 16,054,850 3131 Documentary Transfer Tax 750,000 1,000,000 1,611,206 161.1% 1,611,206 3132 Utility User's Tax 2, 2,100,000 100,000 2,654,963 126.4% 2,654,963 3133 Transient Occupancy Tax - Hotels and Motels 2,000,000 2,750,000 3,762,871 136.8% 3,762,871 3133-01 Transient Occupancy Tax - Private Rentals 2,500,000 5,000,000 6,575,172 131.5% 6,575,172 3134 Franchise Fees 650,000 650,000 750,710 115.5% 750,710 3137 Sales and Use Tax 3,500,000 4,500,000 5,788,909 128.6% 5,788,909 3138 Parking Tax 400,000 400,000 496,301 124.1% 496,301 Revenue From Other Taxes 11,900,000 16,400,000 21,640,132 132.0% 21,640,132 3201 Alarm Permits 30,000 30,000 33,344 111.1% 33,344
3202 Film Permits 360,000 360,000 570,266 158.4% 570,266 3203 Building Permits 900,000 900,000 997,904 110.9% 997,904 3203-01 Code Enforcement - Special Investigations 6,500 13,000 22,758 175.1% 22,758 3204 Wastewater Treatment System Permits 35,000 35,000 38,294 109.4% 38,294 3205 Plumbing Permits 110,000 110,000 150,604 136.9% 150,604 3207 Mechanical Permits 80,000 80,000 94,117 117.6% 94,117 3208 Electrical Permit Fees 170,000 200,000 273,739 136.9% 273,739 3209 Grading/Drainage Permit Fees 65,000 65,000 87,220 134.2% 87,220 3210 Misc. Permits 30,000 30,000 6,781 22.6% 6,781
3418 OWTS Operating Permit Fees 320,000 320,000 322,730 100.9% 322,730 3420 Parking Permits 1,500 1,500 1,032 68.8% 1,032
3421 Planning Review Fees 900,000 1,050,000 1,299,843 123.8% 1,299,843 Revenue From Licenses and Permits 3,008,000 3,194,500 3,898,632 122.0% 3,898,632 3250 Parking Citations Fines 1,000,000 1,000,000 1,399,190 139.9% 1,399,190 Revenue From Fines and Forfeitures 1,000,000 1,000,000 1,399,190 139.9% 1,399,190 3316 Motor Vehicle In-Lieu Fees 5,000 5,000 14,608 292.2% 14,608 3318 Street Sweeping Reimbursements 50,000 50,000 51,678 103.4% 51,678 3322 American Rescue Plan 1,413,798 1,413,798 489,137 34.6% 489,137 3313/3341 FEMA/OES Reimbursements 1,500,000 1,500,000 741,279 49.4% (741,278) 3373 Proposition A Recreation - - - 0.0% -
3381 LA County EWMP Reimbursement 206,000 72,617 19,399 26.7% 19,399 Revenue From Other Governments 3,174,798 3,041,415 1,316,101 43.3% (166,456) 3408 Biology Review Fees 100,000 130,000 204,506 157.3% 204,506 3409 Document Retention Fees 12,000 12,000 15,555 129.6% 15,555 3410 Building Plan Check Fees 800,000 800,000 843,691 105.5% 843,691 3410-01 Administrative Plan Check Processing Fee 35,000 45,000 49,649 110.3% 49,649 3411 In-house Plan Check Fees 100,000 175,000 214,470 122.6% 214,470 3412 Geo Soils Engineering Fees 600,000 800,000 1,042,307 130.3% 1,042,307 3413 Other Plan Check Fees 20,000 35,000 37,327 106.6% 37,327 3414 Environmental Health Review Fees 350,000 350,000 488,897 139.7% 488,897 3415 Grading/Drainage Plan Review Fees 25,000 25,000 2,334 9.3% 2,334 3416 Code Enforcement Investigation Fees 50,000 60,000 68,885 114.8% 68,885 3419 Credit Card Fees 80,000 95,000 141,337 148.8% 141,337 3422 OWTS Practinioners Fees 23,000 23,000 8,046 35.0% 8,046 3425 CA Building Standards Surcharge 3,000 3,000 843 28.1% 843 3426 EIR Review Fees - - - 0.0% -
3427 Technology Enhancement Fee 80,000 100,000 113,321 113.3% 113,321 3431 Public Works/Engineering Fees 300,000 350,000 429,378 122.7% 429,378 3432 WQMP Fees 50,000 50,000 36,432 72.9% 36,432
3433 Banner Hanging Fees 500 500 - 0.0% -
3434 TOT Registration Fees - - 25 0.0% 25
3434-01 Short-Term Rental Permit Fee 90,000 90,000 121,164 134.6% 121,164 3434-02 Short-Term Rental Violation Fines 2,000 2,000 2,610 130.5% 2,610 3435 Admin Permit Processing Fees 75,000 75,000 84,455 112.6% 84,455 3436 Electric Vehicle Charger Fees 1,000 2,000 3,006 150.3% 3,006 A-1
REVENUES BY FUND
June 30, 2022
Object Description
2021-2022
Adopted
Amended
Budget
Received
06/30/2022
Percentage
Received
2021-2022
Unaudited
General Fund (Continued)
3441 Sale of Publications and Materials 2,000 2,000 47 2.4% 47 3444 Returned Check Service Fees 500 500 120 24.0% 120
3446 Vehicle Release Impound Fees 5,000 75,000 87,490 116.7% 87,490 3447 Election Fees - - - 0.0% -
3448 Subpoena Fees 5,000 5,000 365 7.3% 365
3449 False Alarm Service Charge 12,000 12,000 13,601 113.3% 13,601 3450 Residential Decals 2,000 2,000 645 32.3% 645
3461 Municipal Facility Use Fees 22,000 60,000 60,424 100.7% 60,424 3464 Youth Sports Program 42,000 42,000 40,246 95.8% 40,246 3464-01 Girls Youth Sports 7,000 7,000 4,350 62.1% 4,350 3466 Aquatics Program 156,000 170,000 221,208 130.1% 221,208 3467 Day Camp 55,000 55,000 126,379 229.8% 126,379
3468 Senior Adult Program 20,000 5,000 9,203 184.1% 9,203 3469 Skate Park 7,000 9,000 24,009 266.8% 24,009
3470 Recreation/Community Class Registration 100,000 41,000 82,263 200.6% 82,263 3471/3472 Special Events 10,000 2,500 2,000 80.0% 2,000 Revenue From Service Charges 3,242,000 3,710,500 4,580,588 123.4% 4,580,588 3501 Interest Earnings 300,000 300,000 (499,454) -166.5% (499,454) 3505 City Hall Use Fees 5,000 10,000 24,590 245.9% 24,590 Use of Money and Property 305,000 310,000 (474,864) -153.2% (474,864) 3600 Proceeds from Grants 824,476 889,476 585,805 65.9% 585,805 3602 Proposition A Transportation Funds Exchange - - - 0.0% - 3901 Settlements 10,000 4,209,936 4,239,344 100.7% 4,239,344 3902 Legal Fees 2,500 2,500 - 0.0% -
3904 TOT Private Rental Penalties 25,000 25,000 39,936 159.7% 39,936 3905 Miscellaneous Reimbursements 25,000 25,000 48,065 192.3% 48,065 3920 Donations 5,000 5,000 - 0.0% -
3940 Sale of Surplus Property 1,000 1,000 - 0.0% -
3943 Miscellaneous Revenue 5,000 5,000 11,399 228.0% 11,399 Miscellaneous Revenue 897,976 5,162,912 4,924,549 95.4% 4,924,549 Total General Fund 48,465,327 38,673,774 53,339,178 110.1% 51,856,621 Special Revenue Funds
201 Gas Tax Fund
3315 Highway User's Fees 325,372 325,372 298,305 91.7% 298,305 3318 Traffic Congestion Relief - - - 0.0% -
3501 Interest Earnings 1,000 1,000 1,343 134.3% 1,343
Total Gas Tax Fund 326,372 326,372 299,648 91.8% 299,648 202 Traffic Safety Fund
3312 Fines & Forfeitures 200,000 200,000 288,284 144.1% 288,284 3501 Interest Earnings 900 900 1,285 142.8% 1,285
Total Traffic Safety Fund 200, 200,900 900 289,569 144.1% 289,569 203 Proposition A Fund
3371 Prop A Funds 236,679 236,679 347,276 146.7% 347,276 3501 Interest Earnings 2,000 2,000 3,532 176.6% 3,532
Total Proposition A Fund 238, 238,679 679 350,808 147.0% 350,808 204 Proposition C Fund
3372 Prop C Funds 196,319 196,319 245,497 125.1% 245,497 3501 Interest Earnings 2,000 2,000 1,758 87.9% 1,758
Total Proposition C Fund 198, 198,319 319 247,255 124.7% 247,255 205 Measure R Fund
3374 Measure R Funds 147,239 147,239 184,093 125.0% 184,093 3501 Interest Earnings 2,000 2,000 910 45.5% 910
Total Measure R fund 149,239 149,239 185,003 124.0% 185,003 Special Revenue Funds (Continued)
Special Revenue Funds (Continued)
A-2
REVENUES BY FUND
June 30, 2022
Object Description
2021-2022
Adopted
Amended
Budget
Received
06/30/2022
Percentage
Received
2021-2022
Unaudited
206 Air Quality Management Fund
3377 AQMD Funds 16,000 16,000 14,610 91.3% 14,610
3501 Interest Earnings 800 800 698 87.3% 698
3943 Other Revenue - - - 0.0% -
Total Air Quality Management Fund 16,800 16,800 15,308 91.1% 15,308 207 Solid Waste Management Fund
3311 Solid Waste Management Surcharge 120,000 120,000 127,156 106.0% 127,156 3434 Recycling Fees 17,449 17,449 17,024 1.0% 17,024
3501 Interest Earnings 200 200 449 224.5% 449
3600 Grant Proceeds 5,000 5,000 4,473 89.5% 4,473
Total Solid Waste Management Fund 142,649 142,649 149,102 104.5% 149,102 208 Parkland Development Fund
3135 Parkland Development Fees 20,000 20,000 48,323 241.6% 48,323 3501 Interest Earnings 1,000 1,000 650 65.0% 650
3905 Miscellaneous Reimbursements - - - 0.0% -
Total Park Development Fund 21,000 21,000 48,973 233.2% 48,973 209 Quimby Fund
3501 Interest Earnings 35 35 21 60.0% 21
Total Quimby Fund 35 35 21 60.0% 21
211 COPS (Brulte) Grant Fund
3600 Proceeds From Grants (Brulte) 160,000 161,285 161,285 100.0% 161,285 Total COPS (Brulte) Fund 160, 161,285 000 161,285 100.0% 161,285 212 Measure M Funds
3375 Measure M Funds 166,871 166,871 208,323 124.8% 208,323 3501 Interest Earnings 2,000 2,000 3,202 0.0% 3,202
Total Measure M Fund 168,871 168,871 211,525 125.3% 211,525 213 Road Maintenance and Rehabilitation Act (RMRA) Fund 3319 SB1 Annual Allocation 247,143 247,143 244,730 99.0% 244,730 3501 Interest Earnings 1,500 1,500 2,414 160.9% 2,414
Total RMRA Fund 248,643 248,643 247,144 99.4% 247,144
214 Art in Public Places Fund
3135 Art in Public Places Fees 5,000 5,000 - 0.0% -
3501 Interest Earnings 250 250 202 80.8% 202
Total Art in Public Places Fund 5,250 5,250 202 3.8% 202 215 Community Development Block Grant Fund
3600 Proceeds From Grants 20,000 20,000 19,690 98.5% 19,690 3600-01 Proceeds From Grants - Disaster Recovery 150,000 150,000 - 0.0% - Total Comm. Dev. Block Grant Fund 170,000 170,000 19,690 11.6% 19,690 218 Measure W - LA County Stormwater Fund
3379 Measure W Annual Allocation 380,000 380,000 389,247 0.0% 389,247 3501 Interest Earnings 100 100 2,460 2460.0% 2,460
Total Measure W - LA County Stormwater 380,100 380,100 391,707 103.1% 391,707 225 Grants Fund
3376 TDA 8,596 8,596 - 0.0% -
3600 Proceeds From Grants 18,604,780 18,604,780 644,213 3.5% 644,213 Total Grants Fund 18, 18,613,376 613,376 644,213 3.5% 644,213 290 Big Rock LMD Fund
3116 Big Rock Mesa Assessment 327,539 327,539 315,599 96.4% 315,599 3501 Interest Earnings 800 800 662 82.8% 662
Total Big Rock LMD Fund 328,339 328,339 316,261 96.3% 316,261 A-3
REVENUES BY FUND
June 30, 2022
Object Description
2021-2022
Adopted
Amended
Budget
Received
06/30/2022
Percentage
Received
2021-2022
Unaudited
291 Malibu Road LMD Fund
3116 Malibu Road Assessment 59,388 59,388 60,405 101.7% 60,405 3501 Interest Earnings 800 800 452 56.5% 452
Total Malibu Road LMD Fund 60,188 60,188 60,857 101.1% 60,857 292 Calle Del Barco LMD Fund
3116 Calle Del Barco Assessment 81,618 81,618 74,841 91.7% 74,841 3501 Interest Earnings 700 700 446 63.7% 446
Total Calle Del Barco LMD Fund 82,318 82,318 75,287 91.5% 75,287 715 Civic Center Water Treatment Facility AD
3501 Interest Earnings 30,000 30,000 18,374 61.2% 18,374 3915 Civic Center Water Treatment Facility AD 2, 2,587,519 587,519 2,536,140 98.0% 2,536,140 Total Civic Ctr Water Treatment Facility AD 2,617,519 2,617,519 2,554,514 97.6% 2,554,514 517 Civic Center Water Treatment Facility - Phase Two
3501 Interest Earnings - - 13,869 0.0% 13,869
3950 CCWTF - Phase Two Construction - Bond Proceeds 16,500,000 16,500,000 - 0.0% - 2080 CCWTF - Phase Two Contributions 600,000 600,000 500,000 83.3% 500,000 Total Civic Ctr Water Treatment Facility AD 17,100,000 17,100,000 513,869 3.0% 513,869 712 Carbon Beach Undergrounding CFD Fund
3915 Carbon Beach Undergrounding Assessment 236,032 236,032 235,115 0.0% 235,115 3501 Interest Earnings 20 20 1,110 0.0% 1,110
Total Carbon Beach Undergrounding CFD 236,052 236,052 236,225 0.0% 236,225 713 Broad Beach Assessment District
3915 Broad Beach Undergrounding Assessment 141,710 141,710 146,290 103.2% 146,290 3501 Interest Earnings 10 10 486 4860.0% 486
Total Broad Beach Undergrounding AD 141,720 141,720 146,776 103.6% 146,776 41,607,654 41,606,369 7,165,242 17.2% 7,165,242
500 Legacy Park Project Fund
3501 Interest Earnings 6,000 6,000 6,368 106.1% 6,368
3505 Proceeds from Rent 1,538,067 1,538,067 1,537,570 100.0% 1,537,570 3373 Prop A Recreation - - 42,720 0.0% 42,720
3905 Miscellaneous Revenue 145,000 145,000 160,227 110.5% 160,227 Total Legacy Park Project Fund 1, 1,689,067 689,067 1,746,885 103.4% 1,746,885 Total Legacy Park Project Fund 1, 1,689,067 689,067 1,746,885 103.4% 1,746,885 515 Civic Center Wastewater Treatment Facility O&M
3501 Interest Earning - - 644 0.0% 644
3510 Sewer Service Fees 2,210,622 2,210,622 2,210,583 100.0% 2,210,583 3915 Contributions-Property Owners - - 25,936 0.0% 25,936 Total CCWTF O&M 2,210,622 2,210,622 2,237,163 101.2% 2,237,163 Total CCWTF O&M Funds 2, 2,210,622 210,622 2,237,163 101.2% 2,237,163 Total Special Revenue Funds
Special Revenue Funds (Continued)
A-4
REVENUES BY FUND
June 30, 2022
Object Description
2021-2022
Adopted
Amended
Budget
Received
06/30/2022
Percentage
Received
2021-2022
Unaudited
601 Vehicle Fund
3501 Interest Earnings 100 100 392 0.0% 392
3951 Vehicle Charges 114,000 114,000 114,000 100.0% 114,000 Total Vehicle Fund 114,100 114,100 114,392 0.0% 114,392 602 Information Technology Fund
3501 Interest Earnings 100 100 391 0.0% 391
3952 Information Technology Charges 632,000 657,000 657,000 100.0% 657,000 Total Information Technology Fund 632,100 657,100 657,391 100.0% 657,391 Total Internal Service Funds 771,200 746,200 771,783 103.4% 771,783 Total Revenue - All Funds $ 94,743,870 84,926,032 $ 65,260,251 $ 68.9% 63,777,694 $ Total 2021-2022 Adopted budget: $ 84,926,032
Account Description Amount
100-0000-3381 LA County EWMP Reimbursement received in FY20/21 LA CO EWMP (133,383) Budget Correction 602-0000-3952 Information Technology Charges Info Technology 25,000 Budget Correction 100-0000-3111 Increased based on information from LA County Sec Prop Tax 500,000 Mid-year Amendment 100-0000-3131 Increased property sales Doc Trfr Tax 250,000 Mid-year Amendment 100-0000-3133 Increased hotel stays due to increased travel TOT-Hotels 750,000 Mid-year Amendment 100-0000-3133-01 Increased due to delay of STR Hosted Ordinance at CCC TOT-Private 2,500,000 Mid-year Amendment 100-0000-3137 Higher than expected economic recovery Sales & Use Tax 1,000,000 Mid-year Amendment 101-0000-3203-01 Increased enforcement Code Enforcmnt 6,500 Mid-year Amendment 101-0000-3208 Increased number of permits Electrical Permits 30,000 Mid-year Amendment 101-0000-3421 Increased number of planning applications Plan Review 150,000 Mid-year Amendment 101-0000-3408 Increased number of reviews Biology Review 30,000 Mid-year Amendment 101-0000-3410-01 Increased number of projects in review Admin Plan Chk 10,000 Mid-year Amendment 101-0000-3411 Increased number of projects in review In-house Plan Chk 75,000 Mid-year Amendment 101-0000-3412 Increased number of projects in review Geo Soils Eng 200,000 Mid-year Amendment 101-0000-3413 Increased number of projects in review Other Plan Chck 15,000 Mid-year Amendment 101-0000-3416 Increased enforcement Code Enfrcmnt Invest 10,000 Mid-year Amendment 101-0000-3419 Increased use of online credit card payments Credit Card Fee 15,000 Mid-year Amendment 101-0000-3427 Increased number of project applications Tech Enhancmnt 20,000 Mid-year Amendment 100-0000-3431 Increased number of projects in review PWorks/Eng 50,000 Mid-year Amendment 100-0000-3436 Increased use of City EV chargers EV Charger 1,000 Mid-year Amendment 100-0000-3446 Increased fee for impounded vehicles in FY 21-22 Vehicle Impound 70,000 Mid-year Amendment 100-0000-3461 Increased rentals of facilities and Triathlon payment Muni Facility Use 38,000 Mid-year Amendment 100-0000-3466 Increased participation in swim programs Aquatics Program 14,000 Mid-year Amendment 100-0000-3468 Decreased programs due to COVID-19 Senior Adult (15,000) Mid-year Amendment 100-0000-3469 Added a skate camp to the program Skate Park 2,000 Mid-year Amendment 100-0000-3470 Decreased programs due to COVID-19 Rec/Comm Class (59,000) Mid-year Amendment 100-0000-3472 Decreased programs due to COVID-19 Special Events (7,500) Mid-year Amendment 103-0000-3505-02 Increased rental of City Hall parking lot City Hall Use Fees 5,000 Mid-year Amendment 100-0000-3600 Cal Fire Grant Agreement - Fire Prevention/Education Proceeds from Grants 65,000 Budget Adjustment 215-0000-3600 CDBG Funding for MCLE and MCLE Permanent Trailer Proceeds from Grants 113,000 Budget Adjustment 100-0000-3901 Woolsey Fire Settlement - Escrow Funds Settlement Reimb 4,199,936 Budget Adjustment 211-0000-3600 Supplemental Law Enforcement Services (SLESA) Brulte 1,285 Budget Adjustment 215-0000-3600 CDBG Funding for MCLE and MCLE Permanent Trailer Proceeds from Grants (113,000) Budget Adjustment Total Amendments 9,817,838
Total Amendment Budget $ 94,743,870
Internal Service Funds
Reconciliation of adopted to amended budget
A-5
EXPENDITURES BY FUND
June 30, 2022
Adopted Budget Amended
Budget (1) YTD Actual % Spent 2021-22 Unaudited
General Fund
Management and Administration
7001 City Council 655,987 $ 835,987 $ 640,547 $ 76.6% 640,547 $ 7002 Media Operations 573,832 593,832 511,293 86.1% 511,293 7003 City Manager 696,784 696,784 612,474 87.9% 612,474 7005 Legal Counsel 1,119,209 1,159,209 1,017,702 87.8% 1,017,702 7007 City Clerk 540,820 540,820 235,712 43.6% 235,712
7021-7031 Public Safety Services 11,898,562 12,094,847 11,068,369 91.5% 11,068,369 7054 Finance 1,525,856 1,525,856 1,623,610 106.4% 1,623,610 7058 Human Resources 419,964 419,964 380,346 90.6% 380,346 7059 Non Departmental Services 2,681,115 2,706,115 2,558,294 94.5% 2,558,294 103-9050 City Hall 810,004 828,684 636,637 76.8% 636,637 9088 Vacant Land 292,420 292,420 276,528 94.6% 276,528
103/104-9050/9074 Debt Service 3,190,001 3,190,001 3,190,000 100.0% 3,190,000 Total Administrative Services 24,404,554 24,884,519 22,751,512 91.4% 22,751,512 Community Services
4001 General Recreation 769,441 769,441 714,079 92.8% 714,079 4002 Aquatics 340,701 340,701 358,521 105.2% 358,521
4004 Day Camps 96,897 96,897 118,644 122.4% 118,644
4005 Skate Park 99,396 99,396 52,780 53.1% 52,780
4006 Youth Sports 107,680 107,680 76,590 71.1% 76,590
4007 Community Programs 167,290 167,290 110,783 66.2% 110,783 4008 Senior Adult Programs 177,338 177,338 118,105 66.6% 118,105 4010 Park Maintenance 1,137,273 1,208,381 1,066,712 88.3% 1,066,712 4011 Special Events 143,817 143,817 102,710 71.4% 102,710 4012 Cultural Arts 176,372 176,372 158,200 89.7% 158,200 Total Community Services 3,216,205 3,287,313 2,877,124 87.5% 2,877,124 Environmental & Sustainability Development
2004 Environmental & Building Safety 2,489,483 2,669,483 2,574,512 96.4% 2,574,512 2010 Wastewater Management 767,478 767,478 566,987 73.9% 566,987 3003 Clean Water Program 1,037,438 1,182,438 816,281 69.0% 816,281 3004 Solid Waste Management 75,000 75,000 75,000 100.0% 75,000 Total Env. & Community Development 4,369,399 4,694,399 4,032,780 85.9% 4,032,780 Planning Deparment
2001 Planning 2,830,499 2,950,499 2,518,882 85.4% 2,518,882 2012 Code Enforcement 623,925 623,925 452,447 72.5% 452,447 Total Planning Department 3,454,424 3,574,424 2,971,329 83.1% 2,971,329 Public Works/Engineering
3001 Street Maintenance 1,080,779 1,420,779 854,471 60.1% 854,471 3005 Fleet Operations 140,000 204,000 78,000 38.2% 78,000 3007 City Facilities 176,100 206,100 26,398 12.8% 26,398 3008 Public Works 1,351,836 1,396,836 1,097,743 78.6% 1,097,743 Total Public Works 2,748,715 3,227,715 2,056,612 63.7% 2,056,612 Disaster Response
3002 Fire Rebuilds and Storm Response 2,099,000 2,099,000 1,876,515 89.4% 1,876,515 3002-19 COVID-19 Response 180,500 180,500 143,716 79.6% 143,716 Total Disaster Response 2,279,500 2,279,500 2,020,231 88.6% 2,020,231 Total General Fund 40,472,797 41,947,870 36,709,588 87.5% 36,709,588 (1) The amended budget column includes the original budget amount plus encumbrance carryovers and any additional appropriations.
A-6
EXPENDITURES BY FUND
June 30, 2022
Adopted Budget Amended
Budget (1) YTD Actual % Spent 2021-22 Projected
Special Revenue Funds
3001 Street Maintenance 785,000 785,000 785,000 100.0% 785,000 3003 Clean Water Program - - - 0.0% -
3004 Solid Waste Management 150,059 150,059 64,570 43.0% 64,570 3007 Stormwater Treatment Facilities 100,000 100,000 100,000 0.0% 100,000 3008 Public Works 345,000 345,000 345,000 100.0% 345,000 3009 Transportation Services 203,000 203,000 93,260 45.9% 93,260 4010 Park Maintenance - - - 0.0% -
6002 Big Rock Mesa LMD 414,780 414,780 344,438 83.0% 344,438 6003 Malibu Road LMD 77,530 77,530 79,166 102.1% 79,166 6004 Calle del Barco LMD 62,530 80,530 77,328 96.0% 77,328 9048 Carbon Beach Undergrounding CFD 227,946 227,946 118,801 52.1% 218,288 9052 Broad Beach Undergrounding AD 140,767 140,767 89,907 63.9% 139,907 9049 Civic Center Wastewater Treatment Plant AD 2,320,862 2,320,862 1,935,991 83.4% 2,351,406 7031 Public Safety 155,000 155,000 161,285 104.1% 161,285 7070 Community Development Block Grant 95,000 95,000 19,690 20.7% 19,690 CCWTF Phase Two - - - 0.0% 1,084,022
Total Special Revenue Funds 5,077,474 5,095,474 4,214,436 82.7% 5,863,360 Capital Project Funds
310 Capital Improvement Fund
9002 Annual Street Overlay 720,000 720,000 634,889 88.2% 634,889 9059 PCH Median Improvements 4,250,000 4,250,000 30,044 0.7% 30,044 9061 Civic Center Way Improvements - - 12,551 0.0% 12,551 9066 PCH Signal Synchronization Imp. 9,805,000 9,805,000 405,311 4.1% 405,311 9070 Civic Center Stormwater Diversion 100,000 100,000 96,740 96.7% 96,740 9072 Marie Canyon Green Streets 400,000 400,000 441 0.1% 441 9075 CCWTF Phase Two 16,500,000 16,500,000 - 0.0% -
9082 Westward Beach Road 3,845,000 3,845,000 - 0.0% -
9090 Permanent Skate Park 307,372 307,372 18,703 6.1% 18,703 9094 Vehicle Protection Devices City Properties 100,000 100,000 - 0.0% - 9096 Legacy Park Paver Repair 60,000 60,000 3,560 5.9% 3,560 9097 Malibu Bluffs Park South Walkway 150,000 150,000 - 0.0% - 9098 Trancas Cyn Park Play Resurfacing 75,000 75,000 - 0.0% - 9099 PCH Overhead Warning Signs 160,000 160,000 - 0.0% - 9100 PCH/Trancas Right Turn Lane 250,000 250,000 6,707 2.7% 6,707 9200 Woolsey Fire & Storm Response CIP 4,502,345 4,727,345 827,884 17.5% 827,884 Total Capital Project Funds 41,224,717 41,449,717 2,036,830 4.9% 2,036,830 Disaster Capital Improvement Projects
A-7
EXPENDITURES BY FUND
June 30, 2022
Adopted Budget Amended
Budget (1) YTD Actual % Spent 2021-22 Projected
Legacy Park Project Fund
500 7004 Legacy Park Debt Service 1,093,838 1,093,838 1,139,586 104.2% 1,097,931 7008 Legacy Park Operations 811,844 871,324 628,787 72.2% 628,787 Total Legacy Park Project Fund 1,905,682 1,965,162 1,768,373 90.0% 1,726,718 Civic Center Wastewater Treatment Facility Fund
515 3010 CCWTF Sewer Services 1,999,500 2,005,500 1,858,510 92.7% 1,858,510 Total CCWTF Fund 1,999,500 2,005,500 1,858,510 0.0% 1,858,510 Internal Service Funds
3005 Vehicle 84,000 84,000 33,038 39.3% 33,038
7060 Information Technology 738,689 893,689 580,730 65.0% 580,730 Total Internal Service Funds 822,689 977,689 613,768 62.8% 613,768 $ Total All Funds 91,502,859 $ 93,441,412 $ 47,201,505 $ 50.5% 48,808,774 $ (1) The amended budget column includes the original budget amount plus encumbrance carryovers and any additional appropriations.
A-8
EXPENDITURES BY FUND
June 30, 2022
Reconciliation of adopted to amended budget
Total 2021-2022 Adopted budget: $ 91,502,859
Account Description Project Amount Comment Date
100-3001-7800 Street Maintenance - Equipment Generators 10,000 Budget Carryover 7/1/2021 100-3008-5100 Public Works - Professional Services FEMA Flood Map 20,000 Budget Carryover 7/1/2021 100-4010-5610 Parks Maintenance - Facility Maint Water Bottle Filler Budget Carryover 7/1/2021 10,000 100-4010-7300 Parks Maintenance - Leasehold Imps MLC Roof & AC 30,000 Budget Carryover 7/1/2021 100-7002-5100 Media Operations - Professional Services Closed Captions 20,000 Budget Carryover 7/1/2021 100-7021-5100 Public Safety - Professional Services Training 20,000 Budget Carryover 7/1/2021 100-7021-7800 Public Safety - Other Equipment Beacon Boxes 79,000 Budget Carryover 7/1/2021 101-2001-5100 Planning - Professional Services Wireless Mapping 120,000 Budget Carryover 7/1/2021 101-3003-5100 Clean Water - Professional Services Ocean Health 145,000 Budget Carryover 7/1/2021 500-7008-5100 Legacy Park - Professional Services Recycled Water 30,000 Budget Carryover 7/1/2021 601-3005-7700 Vehicles - Vehicles VOP vehicle 64,000 Budget Carryover 7/1/2021 602-7060-5100 Information Technology - Professional Services Strategic Assmt 55,000 Budget Carryover 7/1/2021 292-6004-7903 Calle Del Barco - Storm Drain Improvements Storm Drain 18,000 Budget Correction 7/1/2021 100-7031-7800 Public Safety Services - Other Equipment LPRs 26,000 Council Appropriation 9/13/2021 100-3008-5100 Public Works - Professional Services FEMA Flood Map 25,000 Council Appropriation 9/27/2021 100-4010-5100 Park Maintenance - Professional Services CCWay & Trash 31,108 Council Appropriation 11/30/2021 103-9050-5100 City Hall - Professional Services Landcape Maint. 8,680 Council Appropriation 11/30/2021 500-7008-5100 Legacy Park - Professional Services Weekend Trash 11,480 Council Appropriation 11/30/2021 102-9222-5100 Point Dume Walkways - Professional Services Walkway Repair 100,000 Budget Correction 12/31/2021 102-9221-5100 Storm Drain Master Plan - Professional Services Hazard Mitigation 125,000 Budget Correction 12/31/2021 100-3001-5120 Street Maintenance - Street Maintenance Restripe Kanan 30,000 Mid-year Amendment 1/24/2022 100-3001-5123 Street Maintenance - Storm Response PSPS Generators 50,000 Mid-year Amendment 1/24/2022 100-3001-5123 Street Maintenance - Storm Response Storm Response 250,000 Mid-year Amendment 1/24/2022 100-7001-5100 City Council - Professional Services School District 180,000 Mid-year Amendment 1/24/2022 100-7005-5100-01Legal Services - Investigations Wagner Affidavit 40,000 Mid-year Amendment 1/24/2022 101-2004-4101 Building Safety - Full-Time Salaries Additional Staff Mid-year Amendment 1/24/2022 60,000 207-3004-4101 Solid Waste Management - Full Time Salaries Additional Staff Mid-year Amendment 1/24/2022 35,000 101-2004-5100 Building Safety and Sustainability - Professional SeDark Sky Mid-year Amendment 1/24/2022 60,000 101-2004-5401 Building Safety and Sustainability - Advertising & N Dark Sky Mid-year Amendment 1/24/2022 25,000 103-9050-5100 City Hall Operations - Professional Services Dark Sky Mid-year Amendment 1/24/2022 10,000 100-4010-5100 Park Maintenance - Professional Services Dark Sky Mid-year Amendment 1/24/2022 24,000 100-3007-5610 Stormwater Treatment Facilities - Facility Maintena Dark Sky Mid-year Amendment 1/24/2022 6,000 602-7060-5100 Information Systems - Professional Services Permitting Softwar Mid-year Amendment 1/24/2022 100,000 500-7008-5100 Legacy Park Operations - Professional Services Dark Sky Mid-year Amendment 1/24/2022 18,000 515-3010-5100 CCWTF Operations - Professional Services Dark Sky Mid-year Amendment 1/24/2022 6,000 100-7059-8500 Non-Departmental Services - IS Allocation Info Syst Alloc 25,000 Budget Correction 12/31/2021 100-7021-6160 Public Safety - Operating Supplies Cal Fire Grant 65,000 Budget Adjustment 1/10/2022 215-7070-7800 CDBG - Other Equipment MCLE 15,000 Budget Adjustment 1/24/2022 215-7070-7800 CDBG - Other Equipment MCLE Trailer 98,000 Budget Adjustment 1/24/2022 211-7031-5115 Supplemental Law Enforcement Srvcs (SLESA) Brulte 6,285 Budget Adjustment 4/1/2022 215-7070-7800 CDBG - Other Equipment MCLE (15,000) Budget Adjustment 6/30/2022 215-7070-7800 CDBG - Other Equipment MCLE Trailer (98,000) Budget Adjustment 6/30/2022 1,938,553
Total 2021-2022 current amended budget: $ 93,441,412
A-9
PROJECTED FUND BALANCES
June 30, 2022
Budget Revenues Expenditures Transfers Fund Balance Non-Current/ Budget Fund Balance Projected Projected Budgeted Projected Unavailable Fund Balance FUND July 1, 2021 6/30/2022 6/30/2022 2021-2022 June 30, 2022 Revenue June 30,2022 General Fund - Undesignated 43,930,553 $ 47,769,883 $ 30,534,280 $ (4,691,085) $ 56,475,071 $ 903,670 $ 57,378,741 $ General Fund - Designated for Contingencies 6,500,000 - - - 6,500,000 - 6,500,000 General Fund - Designated for CIPs 194,320 - 96,740 227,420 325,000 - 325,000 General Fund - SCE Settlement Woolsey Fire 6,559,484 4,338,879 3,856,899 - 7,041,464 7,041,464 Designated for Deferred Maintenance 637,784 - 9,886 500,000 1,127,898 - 1,127,898 Designated for Case (Crummer) Parcel 386,957 - 18,703 - 368,254 - 368,254 Designated for Water Quality Settlement 138,171 - 80,895 - 57,276 - 57,276 Designated for Housing Element Program 212,400 - 18,260 - 194,140 - 194,140 Designated for City Facilities - La Paz 500,000 - - - 500,000 - 500,000 Designated for FEMA Disaster Projects 792,994 (741,278) 2,020,231 3,135,781 1,167,266 (247,128) 920,138 Designated for American Rescue Plan - 489,137 489,137 - - - - Total General Fund 59,852,663 51,856,621 37,125,031 (827,884) 73,756,369 656,542 74,412,911 Gas Tax Fund 56,414 299,648 325,000 - 31,062 - 31,062
Traffic Safety Fund 71,966 289,569 200,000 - 161,535 - 161,535 Proposition A Fund 449,861 350,808 93,260 - 707,409 - 707,409 Proposition C Fund 154,592 247,255 65,000 (235,000) 101,847 - 101,847 Measure R Fund 43,996 185,003 100,000 - 128,999 - 128,999 Measure M Fund 437,703 211,525 140,000 (170,000) 339,228 - 339,228 RMRA (SB1) Fund 307,575 247,144 - (229,889) 324,830 - 324,830 Air Quality Management Fund 118,633 15,308 - - 133,941 - 133,941 Solid Waste Management Fund 73,934 149,102 64,570 - 158,466 - 158,466 Parkland Development In-Lieu Fund 76,113 48,973 - - 125,086 - 125,086 Art in Public Places In-Lieu Fund 35,647 202 - - 35,849 - 35,849 Quimby Fund 3,827 21 - - 3,848 - 3,848
COPS Brulte Grant Fund - 161,285 161,285 - - - -
CDBG - 19,690 19,690 - - - -
Measure W LA County Stormwater 187,987 391,707 100,441 - 479,253 - 479,253 Grants Fund - 644,213 454,613 - 189,600 (189,600) -
CCWTF AD Phase One 7,171,654 2,554,514 2,351,406 - 7,374,762 - 7,374,762 Big Rock LMD 95,418 316,261 344,438 - 67,241 - 67,241
Malibu Road LMD 83,387 60,857 79,166 - 65,078 - 65,078
Calle Del Barco LMD 74,850 75,287 77,328 - 72,809 - 72,809 Carbon Beach Undergrounding CFD 446,345 236,225 218,288 - 464,282 - 464,282 Broad Beach Assessment District 234,679 146,776 139,907 - 241,548 - 241,548 CCWTF Phase Two 218,825 513,869 1,084,022 - (351,328) - (351,328) Total Special Revenue Funds 10,343,406 7,165,242 6,018,414 (634,889) 10,855,345 (189,600) 10,665,745 Capital Improvements Fund - - 638,449 638,449 - - -
Capital Improvements Fund - Disaster Projects - - 827,884 827,884 - - - Total Capital Improvement Funds - - 1,466,333 1,466,333 - - - Legacy Park Project Fund 762,529 1,746,885 1,726,718 (3,560) 779,136 63,932 843,068 Total Legacy Fund 762,529 1,746,885 1,726,718 (3,560) 779,136 63,932 843,068 Civic Center Wastewater Treatment Facility (1,394) 2,237,163 1,858,510 - 377,259 (212,049) 165,210 Total Civic Center Wastewater Treatment Fac. (1,394) 2,237,163 1,858,510 - 377,259 (212,049) 165,210 Vehicle 88,951 114,392 33,038 - 170,305 - 170,305
Information Technology 138,654 657,391 580,730 - 215,315 - 215,315 Total Internal Service Funds 227,605 771,783 613,768 - 385,620 - 385,620 Total All Funds 71,184,809 $ 63,777,694 $ 48,808,774 $ - $ 86,153,729 $ 318,825 $ 86,472,554 $ A-10
CURRENT EARNINGS MATURITY
ACCOUNT ISSUER TYPE AMOUNT YIELD TO DATE DATE
Cash Operating First Bank Checking 35,724,949 $ N/A N/ARevolving Cash Fund Internal Petty Cash 700 N/A N/A N/A Investments Local Agency Investment Fund (LAIF) State of CA 49,443,697 0.75% 92,569 $ 1 day Investments Wells Fargo Advisors Federal Home Loan 190,000 2.39% 11/8/2022 Investments Wells Fargo Advisors Federal Home Loan 250,000 2.34% 11/15/2022Investments Wells Fargo Advisors Federal Home Loan 250,000 2.39% 11/22/2022Investments Wells Fargo Advisors Federal Home Loan 250,000 2.84% 3/14/2023 Investments Wells Fargo Advisors Federal Home Loan 250,000 2.84% 3/15/2023 Investments Wells Fargo Advisors Federal Home Loan 250,000 3.52% 12/6/2023 Investments Wells Fargo Advisors Federal Home Loan 250,000 2.53% 6/19/2024 Investments Wells Fargo Advisors Federal Home Loan 125,000 2.53% 6/27/2024 Investments Wells Fargo Advisors Federal Home Loan 200,000 2.12% 3/24/2025 Investments Wells Fargo Advisors Federal Home Loan 200,000 2.12% 3/18/2026 Investments Wells Fargo Advisors Federal Home Loan 250,000 1.21% 10/29/2026 Investments Wells Fargo Advisors Federal Home Loan 250,000 1.26% 12/8/2026 Investments Wells Fargo Advisors Federal Home Loan 250,000 2.15% 12/27/2027 TOTAL CASH AND INVESTMENTS $ 88,134,346 $ 92,569
In compliance with Government Code Section 53646, the Treasurer hereby certifies that sufficient cash andanticipated revenues are available to meet the City's expenditure requirements for the next six months, andfurther, that all investments comply with the City Council's approved investment ordinances.Prepared by:
Renée Neermann, Finance Manager Date
Reviewed by: Ruth F. Quinto, City Treasurer Date
CITY OF MALIBU
CITY TREASURER'S CASH AND INVESTMENTS REPORT
FOR THE QUARTER ENDING JUNE 30, 2022
A-11
11/28/2022
RQEHKDOI
Joseph D. Toney Digitally signed by Joseph D. Toney Date: 2022.11.28 15:35:26 -08'00'
Agenda Item 3.C.
7 Administrative and Finance
Subcommittee Agenda Report
To: Councilmembers Pierson and Uhring
Prepared by: Joseph D. Toney, Assistant City Manager
Reviewed by: Renée Neermann, Finance Manager
Approved by: Steve McClary, Interim City Manager
Date prepared: November 28, 2022 Meeting date: November 30, 2022 Subject: Fiscal Year 2022-2023 First Quarter Financial Report RECOMMENDED ACTION: Review Fiscal Year 2022-2023 First Quarter financial information.
FISCAL IMPACT: As of September 30, 2022, the projected General Fund Undesignated Reserve at June 30, 2023 was $54.1 million (unaudited).
DISCUSSION: The attached report provides revenue, expenditure and fund balance totals for the first quarter of Fiscal Year 2022-2023.
The Adopted Budget for Fiscal Year 2022-2023 maintained conservative budgeting principles. The City has recovered much better than anticipated from the economic uncertainties of the COVID-19 pandemic. Revenues for the prior Fiscal Year 2021-2022 greatly exceeded predictions. Many of the revenue sources that showed increases in the prior fiscal year, including property tax, sales tax and transient occupancy tax, have not yet been received for the first quarter of Fiscal Year 2022-2023. Staff will continue to closely monitor these tax revenue sources and, if adjustments to the budget are warranted, staff will bring those revisions to the Council at mid-year.
Staff continues to closely monitor all revenues and expenditures and, as of the close of the first quarter, the City’s expenses and revenues are tracking appropriately.
The Revenues by Fund Report (pages A 1-5) reflects General Fund revenues of $8.8 million or 19.1% of the annual budgeted amount for the fiscal year. Total revenue of all Administrative &
Finance Subcommittee
Special Meeting
11-30-22
Item 3.C.
Agenda Item 3.C.
funds received during the first quarter is $9.3 million or 10.3% of the annual budgeted amount for the fiscal year. Many revenue sources are received on a quarterly or annual basis and, as such, will be reflected when the year-end report is presented.
The Expenditure by Fund Report (pages A 6-9) does not yet reflect any budget carryovers from Fiscal Year 2021-2022 as these will be included at mid-year after the prior fiscal year has been audited. General Fund expenditures for the first quarter total $7.2 million or 16.3% of the annual budgeted amount. Several large General Fund expenditures occur in the beginning of the fiscal year, including insurance and CalPERS liability payments. Expenditures for all funds total $8.3 million or 9.3% of the annual budgeted amount.
Projected Fund Balances for the fiscal year end are reflected on page A-10. The projected Undesignated Fund Balance at June 30, 2023 includes all expenses appropriated as of September 30, 2022 by the Council. The City ended Fiscal Year 2021-2022 with $57.4 million (unaudited) in the Undesignated General Fund Reserve.
As of September 30, 2022, the projected General Fund Undesignated Reserve at June 30, 2023 was $54.1 million. The City’s Projected General Fund Undesignated Reserve will be approximately 122.4% of the $44.2 million Fiscal Year 2022-2023 operating budget and will exceed the 65% targeted reserve amount.
The Treasurer’s Cash and Investment Report is attached on page A-11.
The Fiscal Year 2022-2023 First Quarter Financial Report will be presented to the City Council on December 12, 2022.
ATTACHMENTS: Fiscal Year 2022-2023 First Quarter Financial Report
REVENUES BY FUND
September 30, 2022
Object Description
2022-2023
Adopted
Amended
Budget
Received
09/30/2022
Percentage
Received
2022-2023
Projected
100, 101, 102 & 103 General Fund
3111 Current Year Secured Property Tax 13,300,000 $ 13,300,000 $ - $ 0.0% 13,300,000 $ 3112 Current Year Unsecured Property Tax 425,000 425,000 341,569 80.4% 425,000 3113 Homeowner's Exemption 60,000 60,000 - 0.0% 60,000
3114 Prior Year Secured Property Tax 1,000 1,000 - 0.0% 1,000 3115 Prior Year Unsecured Property Tax 10,000 10,000 - 0.0% 10,000 3118 Property Tax In-Lieu 2,350,000 2,350,000 - 0.0% 2,350,000 Revenue from Property Taxes 16,146,000 16,146,000 341,569 2.1% 16,146,000 3131 Documentary Transfer Tax 1,200,000 1,200,000 72,925 6.1% 1,200,000 3132 Utility User's Tax 2, 2,200,000 200,000 425,645 19.3% 2,200,000 3133 Transient Occupancy Tax - Hotels and Motels 3,000,000 3,000,000 685,015 22.8% 3,000,000 3133-01 Transient Occupancy Tax - Private Rentals 5,000,000 5,000,000 - 0.0% 5,000,000 3134 Franchise Fees 650,000 650,000 80,370 12.4% 650,000 3137 Sales and Use Tax 4,500,000 4,500,000 451,286 10.0% 4,500,000 3138 Parking Occupancy Tax 400,000 400,000 93,438 23.4% 400,000 Revenue From Other Taxes 16,950,000 16,950,000 1,808,679 10.7% 16,950,000 3201 Alarm Permits 35,000 35,000 9,000 25.7% 35,000
3202 Film Permits 450,000 450,000 120,626 26.8% 450,000 3203 Building Permits 930,000 930,000 348,766 37.5% 930,000 3203-01 Code Enforcement - Special Investigations 20,000 20,000 5,814 29.1% 20,000 3204 Wastewater Treatment System Permits 35,000 35,000 4,818 13.8% 35,000 3205 Plumbing Permits 115,000 115,000 40,448 35.2% 115,000 3207 Mechanical Permits 90,000 90,000 35,230 39.1% 90,000 3208 Electrical Permit Fees 225,000 225,000 66,574 29.6% 225,000 3209 Grading/Drainage Permit Fees 80,000 80,000 28,255 35.3% 80,000 3210 Misc. Permits 20,000 20,000 615 3.1% 20,000
3418 OWTS Operating Permit Fees 320,000 320,000 103,879 32.5% 320,000 3420 Parking Permits 1,500 1,500 60 4.0% 1,500
3421 Planning Review Fees 1,200,000 1,200,000 382,490 31.9% 1,200,000 Revenue From Licenses and Permits 3,521,500 3,521,500 1,146,575 32.6% 3,521,500 3250 Parking Citation Fines 1,150,000 1,150,000 419,628 36.5% 1,150,000 Revenue From Fines and Forfeitures 1,150,000 1,150,000 419,628 36.5% 1,150,000 3316 Motor Vehicle In-Lieu Fees 15,000 15,000 - 0.0% 15,000 3318 Street Sweeping Reimbursements 51,678 51,678 - 0.0% 51,678 3322 American Rescue Plan 1,413,797 1,413,797 2,338,459 165.4% 1,413,797 3313/3341 FEMA/OES Reimbursements 1,500,000 1,500,000 1,630 0.1% 1,500,000 3373 Proposition A Recreation - - - 0.0% -
3381 LA County EWMP Reimbursement - - 53,218 0.0% -
Revenue From Other Governments 2,980,475 2,980,475 2,393,307 80.3% 2,980,475 3408 Biology Review Fees 175,000 175,000 78,379 44.8% 175,000 3409 Document Retention Fees 14,000 14,000 4,546 32.5% 14,000 3410 Building Plan Check Fees 850,000 850,000 282,080 33.2% 850,000 3410-01 Administrative Plan Check Processing Fee 50,000 50,000 13,531 27.1% 50,000 3410-03 Building Plan Check Fees - Dark Sky 650,000 650,000 - 0.0% 650,000 3411 Inspector Plan Check Fees 180,000 180,000 51,894 28.8% 180,000 3412 Geo Soils Engineering Fees 900,000 900,000 307,698 34.2% 900,000 3413 Other Plan Check Fees 40,000 40,000 5,279 13.2% 40,000 3414 Environmental Health Review Fees 400,000 400,000 164,468 41.1% 400,000 3415 Grading/Drainage Plan Review Fees 10,000 10,000 - 0.0% 10,000 3416 Code Enforcement Investigation Fees 60,000 60,000 14,085 23.5% 60,000 3419 Credit Card Fees 105,000 105,000 35,431 33.7% 105,000 3422 OWTS Practinioners Fees 4,000 4,000 1,310 32.8% 4,000 3425 CA Building Standards Surcharge 3,000 3,000 2,081 69.4% 3,000 3426 EIR Review Fees - - - 0.0% -
3427 Technology Enhancement Fee 100,000 100,000 35,675 35.7% 100,000 3431 Public Works/Engineering Fees 350,000 350,000 148,395 42.4% 350,000 3432 WQMP Fees 25,000 25,000 10,949 43.8% 25,000
3433 Banner Hanging Fees - - - 0.0% -
3434 TOT Registration Fees - - 20,221 0.0% -
3434-01 Short-Term Rental Permit Fee 100,000 100,000 - 0.0% 100,000 3434-02 Short-Term Rental Violation Fines 2,000 2,000 - 0.0% 2,000 3435 Admin Permit Processing Fees 80,000 80,000 24,906 31.1% 80,000 A-1
REVENUES BY FUND
September 30, 2022
Object Description
2022-2023
Adopted
Amended
Budget
Received
09/30/2022
Percentage
Received
2022-2023
Projected
3436 Electric Vehicle Charger Fees 2,000 2,000 688 34.4% 2,000 General Fund (Continued)
3441 Sale of Publications and Materials 500 500 - 0.0% 500 3444 Returned Check Service Fees 500 500 15 3.0% 500
3446 Vehicle Release Impound Fees 75,000 75,000 32,660 43.5% 75,000 3447 Election Fees 1,500 1,500 - 0.0% 1,500
3448 Subpoena Fees 1,000 1,000 - 0.0% 1,000
3449 False Alarm Service Charge 12,000 12,000 4,032 33.6% 12,000 3450 Residential Decals 2,000 2,000 110 5.5% 2,000
3461 Municipal Facility Use Fees 80,000 80,000 18,970 23.7% 80,000 3464 Youth Sports Program 45,000 45,000 20,445 45.4% 45,000 3464-01 Girls Youth Sports 7,000 7,000 - 0.0% 7,000
3466 Aquatics Program 200,000 200,000 79,432 39.7% 200,000 3467 Day Camp 50,000 50,000 17,144 34.3% 50,000
3468 Senior Adult Program 5,000 5,000 5,457 109.1% 5,000 3469 Skate Park 45,000 45,000 9,699 21.6% 45,000
3470 Recreation/Community Class Registration 70,000 70,000 41,883 59.8% 70,000 3471/3472 Special Events 2,500 2,500 520 20.8% 2,500
Revenue From Service Charges 4,697,000 4,697,000 1,431,983 30.5% 4,697,000 3501 Interest Earnings 300,000 300,000 821,313 273.8% 300,000 3505 City Hall Use Fees 10,000 10,000 12,825 128.3% 10,000 Use of Money and Property 310,000 310,000 834,138 269.1% 310,000 3600 Proceeds from Grants 370,000 370,000 428,345 115.8% 370,000 3602 Proposition A Transportation Funds Exchange - - - 0.0% - 3901 Settlements 5,000 5,000 24 0.5% 5,000
3902 Legal Fees - - - 0.0% -
3904 TOT Private Rental Penalties 25,000 25,000 - 0.0% 25,000 3905 Miscellaneous Reimbursements 25,000 25,000 - 0.0% 25,000 3920 Donations 5,000 5,000 - 0.0% 5,000
3940 Sale of Surplus Property 1,000 1,000 - 0.0% 1,000
3930/3943 Miscellaneous Revenue 5,000 5,000 184 3.7% 5,000 Miscellaneous Revenue 436,000 436,000 428,553 98.3% 436,000 Total General Fund 46,190,975 46,190,975 8,804,432 19.1% 46,190,975 Special Revenue Funds
201 Gas Tax Fund
3315 Highway User's Fees 370,785 370,785 52,694 14.2% 370,785 3318 Traffic Congestion Relief - - - 0.0% -
3501 Interest Earnings 1,000 1,000 56 5.6% 1,000
Total Gas Tax Fund 371,785 371,785 52,750 14.2% 371,785 202 Traffic Safety Fund
3312 Fines & Forfeitures 200,000 200,000 48,081 24.0% 200,000 3501 Interest Earnings 900 900 - 0.0% 900
Total Traffic Safety Fund 200, 200,900 900 48,081 23.9% 200,900 203 Proposition A Fund
3371 Prop A Funds 281,466 281,466 77,405 27.5% 281,466
3501 Interest Earnings 2,000 2,000 - 0.0% 2,000
Total Proposition A Fund 283, 283,466 466 77,405 27.3% 283,466 204 Proposition C Fund
3372 Prop C Funds 233,468 233,468 64,204 27.5% 233,468
3501 Interest Earnings 2,000 2,000 - 0.0% 2,000
Total Proposition C Fund 235, 235,468 468 64,204 27.3% 235,468 205 Measure R Fund
3374 Measure R Funds 175,101 175,101 48,142 27.5% 175,101 3501 Interest Earnings 2,000 2,000 - 0.0% 2,000
Total Measure R fund 177,101 177,101 48,142 27.2% 177,101 Special Revenue Funds (Continued)
A-2
REVENUES BY FUND
September 30, 2022
Object Description
2022-2023
Adopted
Amended
Budget
Received
09/30/2022
Percentage
Received
2022-2023
Projected
206 Air Quality Management Fund
3377 AQMD Funds 16,000 16,000 - 0.0% 16,000
3501 Interest Earnings 800 800 - 0.0% 800
3943 Other Revenue - - - 0.0% -
Total Air Quality Management Fund 16,800 16,800 - 0.0% 16,800 207 Solid Waste Management Fund
3311 Solid Waste Management Surcharge 120,000 120,000 23,828 19.9% 120,000 3434 Recycling Fees 17,500 17,500 - 0.0% 17,500
3501 Interest Earnings 125 125 - 0.0% 125
3600 Grant Proceeds 5,000 5,000 26,134 522.7% 5,000
Total Solid Waste Management Fund 142,625 142,625 49,962 35.0% 142,625 208 Parkland Development Fund
3135 Parkland Development Fees 20,000 20,000 9,128 45.6% 20,000 3501 Interest Earnings 500 500 - 0.0% 500
3905 Miscellaneous Reimbursements - - - 0.0% -
Total Park Development Fund 20,500 20,500 9,128 44.5% 20,500 209 Quimby Fund
3501 Interest Earnings 30 30 - 0.0% 30
Total Quimby Fund 30 30 - 0.0% 30
211 COPS (Brulte) Grant Fund
3600 Proceeds From Grants (Brulte) 155,000 155,000 - 0.0% 155,000 Total COPS (Brulte) Fund 155, 155,000 000 - 0.0% 155,000 212 Measure M Funds
3375 Measure M Funds 198,448 198,448 54,519 27.5% 198,448 3501 Interest Earnings 2,000 2,000 - 0.0% 2,000
Total Measure M Fund 200,448 200,448 54,519 27.2% 200,448 213 Road Maintenance and Rehabilitation Act (RMRA) Fund 3319 SB1 Annual Allocation 288,238 288,238 19,649 6.8% 288,238 3501 Interest Earnings 1,500 1,500 - 0.0% 1,500
Total RMRA Fund 289,738 289,738 19,649 6.8% 289,738
214 Art in Public Places Fund
3135 Art in Public Places Fees 5,000 5,000 - 0.0% 5,000 3501 Interest Earnings 200 200 - 0.0% 200
Total Art in Public Places Fund 5,200 5,200 - 0.0% 5,200 215 Community Development Block Grant Fund
3600 Proceeds From Grants 15,000 15,000 2,384 15.9% 15,000 3600-01 Proceeds From Grants - Disaster Recovery 45,000 45,000 - 0.0% 45,000 Total Comm. Dev. Block Grant Fund 60,000 60,000 2,384 4.0% 60,000 218 Measure W - LA County Stormwater Fund
3379 Measure W Annual Allocation 380,000 380,000 - 0.0% 380,000 3501 Interest Earnings 100 100 - 0.0% 100
Total Measure W - LA County Stormwater 380,100 380,100 - 0.0% 380,100 225 Grants Fund
3376 TDA 10,869 10,869 - 0.0% 10,869
3600 Proceeds From Grants 16,500,000 16,500,000 (279,070) -1.7% 16,500,000 Total Grants Fund 16, 16,510,869 510,869 (279,070) -1.7% 16,510,869 290 Big Rock LMD Fund
3116 Big Rock Mesa Assessment 327,539 327,539 - 0.0% 327,539 3501 Interest Earnings 800 800 - 0.0% 800
Total Big Rock LMD Fund 328,339 328,339 - 0.0% 328,339
Special Revenue Funds (Continued)
A-3
REVENUES BY FUND
September 30, 2022
Object Description
2022-2023
Adopted
Amended
Budget
Received
09/30/2022
Percentage
Received
2022-2023
Projected
291 Malibu Road LMD Fund
3116 Malibu Road Assessment 59,388 59,388 - 0.0% 59,388 3501 Interest Earnings 800 800 - 0.0% 800
Total Malibu Road LMD Fund 60,188 60,188 - 0.0% 60,188
292 Calle Del Barco LMD Fund
3116 Calle Del Barco Assessment 81,618 81,618 - 0.0% 81,618 3501 Interest Earnings 700 700 - 0.0% 700
Total Calle Del Barco LMD Fund 82,318 82,318 - 0.0% 82,318 715 Civic Center Water Treatment Facility AD
3501 Interest Earnings 10,000 10,000 4,844 48.4% 10,000 3915 Civic Center Water Treatment Facility AD 2, 2,587,519 587,519 - 0.0% 2,587,519 Total Civic Ctr Water Treatment Facility AD 2,597,519 2,597,519 4,844 0.2% 2,597,519 517 Civic Center Water Treatment Facility - Phase Two
3501 Interest Earnings - - - 0.0% -
3950 CCWTF - Phase Two Construction - Bond Proceeds 16,500,000 16,500,000 - 0.0% 16,500,000 2080 CCWTF - Phase Two Contributions - - - 0.0% -
Total Civic Ctr Water Treatment Facility AD 16,500,000 16,500,000 - 0.0% 16,500,000 712 Carbon Beach Undergrounding CFD Fund
3915 Carbon Beach Undergrounding Assessment 236,032 236,032 - 0.0% 236,032 3501 Interest Earnings 20 20 2 10.0% 20
Total Carbon Beach Undergrounding CFD 236,052 236,052 2 0.0% 236,052 713 Broad Beach Assessment District
3915 Broad Beach Undergrounding Assessment 141,710 141,710 - 0.0% 141,710 3501 Interest Earnings 10 10 199 1990.0% 10
Total Broad Beach Undergrounding AD 141,720 141,720 199 0.1% 141,720 38,996,166 38,996,166 152,199 0.4% 38,996,166
500 Legacy Park Project Fund
3501 Interest Earnings 6,000 6,000 - 0.0% 6,000
3505 Proceeds from Rent 1,565,941 1,565,941 470,915 30.1% 1,565,941 3373 Prop A Recreation - - - 0.0% -
3905 Miscellaneous Revenue 145,000 145,000 - 0.0% 145,000 Total Legacy Park Project Fund 1, 1,716,941 716,941 470,915 27.4% 1,716,941 Total Legacy Park Project Fund 1, 1,716,941 716,941 470,915 27.4% 1,716,941 515 Civic Center Wastewater Treatment Facility O&M
3501 Interest Earning - - - 0.0% -
3510 Sewer Service Fees 2,200,000 2,200,000 (131,265) -6.0% 2,200,000 3915 Contributions-Property Owners - - - 0.0% -
Total CCWTF O&M 2,200,000 2,200,000 (131,265) -6.0% 2,200,000 Total CCWTF O&M Funds 2, 2,200,000 200,000 (131,265) -6.0% 2,200,000 Total Special Revenue Funds
Special Revenue Funds (Continued)
A-4
REVENUES BY FUND
September 30, 2022
Object Description
2022-2023
Adopted
Amended
Budget
Received
09/30/2022
Percentage
Received
2022-2023
Projected
601 Vehicle Fund
3501 Interest Earnings - - - 0.0% -
3951 Vehicle Charges 114,000 114,000 - 0.0% 114,000
Total Vehicle Fund 114,000 114,000 - 0.0% 114,000
602 Information Technology Fund
3501 Interest Earnings - - - 0.0% -
3952 Information Technology Charges 695,000 695,000 - 0.0% 695,000 Total Information Technology Fund 695,000 695,000 - 0.0% 695,000 Total Internal Service Funds 809,000 809,000 - 0.0% 809,000 Total Revenue - All Funds $ 89,913,082 89,913,082 $ 9,296,281 $ 10.3% 89,913,082 $ Total 2022-2023 Adopted budget: $ 89,913,082
Account Description Amount
Total Amendments -
Total Amendment Budget $ 89,913,082
Internal Service Funds
Reconciliation of adopted to amended budget
A-5
EXPENDITURES BY FUND
September 30, 2022
Adopted Budget Amended
Budget (1) YTD Actual % Spent 2022-23 Projected
General Fund
Management and Administration
7001 City Council 773,095 $ 773,095 $ 268,509 $ 34.7% 773,095 $ 7002 Media Operations 733,109 733,109 127,650 17.4% 733,109 7003 City Manager 754,872 779,772 166,407 21.3% 779,772 7005 Legal Counsel 1,050,000 1,050,000 104,054 9.9% 1,050,000 7007 City Clerk 574,966 574,966 65,031 11.3% 574,966
7021 Public Safety Services 11,680,987 11,680,987 1,018,150 8.7% 11,680,987 7054 Finance 1,666,807 1,666,807 384,359 23.1% 1,666,807 7058 Human Resources 696,286 696,286 91,461 13.1% 696,286 7059 Non Departmental Services 3,943,333 3,943,333 1,546,022 39.2% 3,943,333 103-9050 City Hall 954,928 954,928 320,837 33.6% 954,928 9088 Vacant Land 292,675 292,675 - 0.0% 292,675
9050/9074/9088 Debt Service (City Hall / Trancas / Vacant Land) 3,187,926 3,187,926 - 0.0% 3,187,926 Total Administrative Services 26,308,984 26,333,884 4,092,480 15.5% 26,333,884 Community Services
4001 General Recreation 863,037 863,037 199,486 23.1% 863,037 4002 Aquatics 400,454 400,454 86,793 21.7% 400,454
4003 Outdoor Recreation 64,894 64,894 11,495 17.7% 64,894 4004 Day Camps 102,969 102,969 57,770 56.1% 102,969
4005 Skate Park 71,535 71,535 15,665 21.9% 71,535
4006 Sports 128,021 128,021 18,024 14.1% 128,021
4007 Community Programs 125,917 125,917 25,039 19.9% 125,917 4008 Senior Adult Programs 200,241 200,241 41,972 21.0% 200,241 4010 Park Maintenance 1,364,489 1,364,489 191,593 14.0% 1,364,489 4011 Special Events 233,030 233,030 29,019 12.5% 233,030 4012 Cultural Arts 246,395 246,395 39,413 16.0% 246,395 Total Community Services 3,800,982 3,800,982 716,269 18.8% 3,800,982 Environmental & Sustainability Development
2004 Environmental & Building Safety 3,448,434 3,448,434 578,203 16.8% 3,448,434 2010 Wastewater Management 541,427 541,427 118,838 21.9% 541,427 3003 Clean Water Program 1,352,431 1,352,431 99,158 7.3% 1,352,431 3004 Solid Waste Management - - - 0.0% -
Total Env. & Community Development 5,342,292 5,342,292 796,199 14.9% 5,342,292 Planning Deparment
2001 Planning 3,376,366 3,376,366 631,294 18.7% 3,376,366 2012 Code Enforcement 649,141 649,141 111,879 17.2% 649,141 Total Planning Department 4,025,507 4,025,507 743,173 18.5% 4,025,507 Public Works/Engineering
3001 Street Maintenance 1,193,403 1,193,403 297,223 24.9% 1,193,403 3005 Fleet Operations - - - 0.0% -
3007 City Facilities 126,100 126,100 21,744 17.2% 126,100 3008 Public Works 1,727,864 1,727,864 349,155 20.2% 1,727,864 Total Public Works 3,047,367 3,047,367 668,122 21.9% 3,047,367 Disaster Response
3002 Fire Rebuilds and Storm Response 1,564,000 1,564,000 185,980 11.9% 1,564,000 3002-19 COVID-19 Response 97,000 97,000 19,657 20.3% 97,000 Total Disaster Response 1,661,000 1,661,000 205,637 12.4% 1,661,000 Total General Fund 44,186,132 44,211,032 7,221,880 16.3% 44,211,032 (1) The amended budget column includes the original budget amount plus encumbrance carryovers and any additional appropriations.
A-6
EXPENDITURES BY FUND
September 30, 2022
Adopted Budget Amended
Budget (1) YTD Actual % Spent 2022-23 Projected
Special Revenue Funds
3001 Street Maintenance 785,000 785,000 - 0.0% 785,000
3003 Clean Water Program - - - 0.0% -
3004 Solid Waste Management 458,406 458,406 49,624 10.8% 458,406 3005 Fleet Operations 118,633 118,633 17,160 14.5% 118,633 3007 Stormwater Treatment Facilities 100,000 100,000 - 0.0% 100,000 3008 Public Works 345,000 345,000 - 0.0% 345,000
3009 Transportation Services 165,000 165,000 15,563 9.4% 165,000 4010 Park Maintenance - - - 0.0% -
6002 Big Rock Mesa LMD 384,647 384,647 43,846 11.4% 384,647 6003 Malibu Road LMD 75,016 75,016 3,286 4.4% 75,016
6004 Calle del Barco LMD 81,016 81,016 3,498 4.3% 81,016 9048 Carbon Beach Undergrounding CFD 231,310 231,310 - 0.0% 231,310 9052 Broad Beach Undergrounding AD 139,930 139,930 - 0.0% 139,930 9049 Civic Center Wastewater Treatment Plant AD 2,319,460 2,319,460 - 0.0% 2,319,460 7021 Public Safety 155,000 155,000 20,893 13.5% 155,000 7070 Community Development Block Grant 15,000 15,000 4,239 28.3% 15,000 CCWTF Phase Two - - - 0.0% -
Total Special Revenue Funds 5,373,418 5,373,418 158,109 2.9% 5,373,418 Capital Project Funds
310 Capital Improvement Fund
9002 Annual Street Overlay 900,000 900,000 - 0.0% 900,000 9059 PCH Median Improvements 4,490,000 4,490,000 7,918 0.2% 4,490,000 9061 Civic Center Way Improvements - - 11,783 0.0% 11,783 9066 PCH Signal Synchronization Imp. 6,555,000 6,555,000 18,533 0.3% 6,555,000 9072 Marie Canyon Green Streets 385,000 385,000 - 0.0% 385,000 9075 CCWTF Phase Two 16,500,000 16,500,000 - 0.0% 16,500,000 9082 Westward Beach Road 350,000 350,000 - 0.0% 350,000 9090 Permanent Skate Park 1,066,000 1,066,000 - 0.0% 1,066,000 9093 Bluffs Park Shade Structure 100,000 100,000 - 0.0% 100,000 9094 Vehicle Protection Devices City Properties 100,000 100,000 - 0.0% 100,000 9097 Malibu Bluffs Park South Walkway 150,000 150,000 - 0.0% 150,000 9098 Trancas Cyn Park Play Resurfacing 75,000 75,000 - 0.0% 75,000 9100 PCH/Trancas Right Turn Lane 683,219 683,219 15,456 2.3% 683,219 9101 PCH Crosswalk Improvements 200,000 200,000 - 0.0% 200,000 9102 PCH Median Imp at Paradise Cove/Zuma 100,000 100,000 - 0.0% 100,000 9103 Kanan Dume Biofilter 100,000 100,000 - 0.0% 100,000 9104 Stormdrain Trash Screens - Phase Two 35,000 35,000 - 0.0% 35,000 9105 City Traffic Signals Backup Power 30,000 30,000 - 0.0% 30,000 9106 Malibu Canyon Road Traffic Study 50,000 50,000 - 0.0% 50,000 9200 Woolsey Fire & Storm Response CIP 3,211,491 3,211,491 69,135 2.2% 3,211,491 Total Capital Project Funds 35,080,710 35,080,710 122,825 0.4% 35,092,493 Disaster Capital Improvement Projects
A-7
EXPENDITURES BY FUND
September 30, 2022
Adopted Budget Amended
Budget (1) YTD Actual % Spent 2022-23 Projected
Legacy Park Project Fund
500 7004 Legacy Park Debt Service 1,091,451 1,091,451 - 0.0% 1,091,451 7008 Legacy Park Operations 975,783 975,783 175,550 18.0% 975,783 Total Legacy Park Project Fund 2,067,234 2,067,234 175,550 8.5% 2,067,234 Civic Center Wastewater Treatment Facility Fund
515 3010 CCWTF Sewer Services 2,019,699 2,019,699 449,426 22.3% 2,019,699 Total CCWTF Fund 2,019,699 2,019,699 449,426 22.3% 2,019,699 Internal Service Funds
3005 Vehicle 35,367 35,367 - 0.0% 35,367
7060 Information Technology 1,006,320 1,006,320 196,111 19.5% 1,006,320 Total Internal Service Funds 1,041,687 1,041,687 196,111 18.8% 1,041,687 $ Total All Funds 89,768,880 $ 89,793,780 $ 8,323,901 $ 9.3% 89,805,563 $ (1) The amended budget column includes the original budget amount plus encumbrance carryovers and any additional appropriations.
A-8
EXPENDITURES BY FUND
September 30, 2022
Reconciliation of adopted to amended budget
Total 2022-2023 Adopted budget: $ 89,768,880
Account Description Project Amount Comment Date
100-7003-5100-00 City Manager - Professional Services TUT Info Materials 24,900 Council Appropriation 8/8/2022 24,900
Total 2022-2023 current amended budget: $ 89,793,780
A-9
PROJECTED FUND BALANCES
September 30, 2022
Budget Revenues Expenditures Transfers Fund Balance Non-Current/ Budget Fund Balance Projected Projected Budgeted Projected Unavailable Fund Balance FUND July 1, 2022 6/30/2023 6/30/2023 2022-2023 June 30, 2023 Revenue June 30,2023 General Fund - Undesignated 57,378,741 $ 39,554,435 $ 41,651,271 $ (1,200,000) $ 54,081,905 $ - $ 54,081,905 $ General Fund - Designated for Contingencies 6,500,000 - - - 6,500,000 - 6,500,000 General Fund - Designated for CIPs 325,000 - - (1,513,628) (1,188,628) - (1,188,628) General Fund - SCE Settlement Woolsey Fire 7,041,464 4,338,879 - (414,010) 10,966,333 - 10,966,333 Designated for Deferred Maintenance 1,127,898 - 101,100 - 1,026,798 - 1,026,798 Designated for Case (Crummer) Parcel 368,254 - - (257,372) 110,882 - 110,882 Designated for Water Quality Settlement 57,276 - - - 57,276 - 57,276 Designated for Housing Element Program 194,140 - - - 194,140 - 194,140 Designated for City Facilities - La Paz - 500,000 - - 500,000 - 500,000 Designated for FEMA Disaster Projects 920,138 1,500,000 1,661,000 (2,797,481) (2,038,343) - (2,038,343) Designated for American Rescue Plan - 797,661 797,661 - - - - Total General Fund 74,412,911 46,190,975 44,211,032 (6,182,491) 70,210,363 - 70,210,363 201 Gas Tax Fund 31,062 371,785 325,000 - 77,847 - 77,847 202 Traffic Safety Fund 161,535 200,900 200,000 - 162,435 - 162,435 203 Proposition A Fund 707,409 283,466 165,000 - 825,875 - 825,875 204 Proposition C Fund 101,847 235,468 65,000 (235,000) 37,315 - 37,315 205 Measure R Fund 128,999 177,101 100,000 - 206,100 - 206,100 206 Air Quality Management Fund 133,941 16,800 118,633 - 32,108 - 32,108 207 Solid Waste Management Fund 158,466 142,625 458,406 - (157,315) - (157,315) 208 Parkland Development In-Lieu Fund 125,086 20,500 - - 145,586 - 145,586 209 Quimby Fund 3,848 30 - - 3,878 - 3,878
211 COPS Brulte Grant Fund - 155,000 155,000 - - - -
212 Measure M Fund 339,228 200,448 140,000 (450,000) (50,324) - (50,324) 213 RMRA (SB1) Fund 324,830 289,738 - (515,000) 99,568 - 99,568 214 Art in Public Places In-Lieu Fund 35,849 5,200 - - 41,049 - 41,049 215 Community Development Block Grant Fund - 60,000 15,000 - 45,000 - 45,000 218 Measure W LA County Stormwater 479,253 380,100 100,000 (520,000) 239,353 - 239,353 225 Grants Fund - 16,510,869 400,000 (11,790,002) 4,320,867 (4,320,867) - 290 Big Rock LMD 67,241 328,339 384,647 - 10,933 - 10,933 291 Malibu Road LMD 65,078 60,188 75,016 - 50,250 - 50,250 292 Calle Del Barco LMD 72,809 82,318 81,016 - 74,111 - 74,111 712 Carbon Beach Undergrounding CFD 464,282 236,052 231,310 - 469,024 - 469,024 713 Broad Beach Assessment District 241,548 141,720 139,930 - 243,338 - 243,338 715 CCWTF AD Phase One 7,374,762 2,597,519 2,319,460 - 7,652,821 - 7,652,821 517 CCWTF Phase Two (351,328) 16,500,000 - (16,500,000) (351,328) - (351,328) Total Special Revenue Funds 10,665,745 38,996,166 5,473,418 (30,010,002) 14,178,491 (4,320,867) 9,857,624 Capital Improvements Fund - - 31,881,002 31,881,002 - - - Capital Improvements Fund - Disaster Projects - - 3,211,491 3,211,491 - - - Total Capital Improvement Funds - - 35,092,493 35,092,493 - - - Legacy Park Project Fund 843,068 1,716,941 2,067,234 (100,000) 392,775 - 392,775 Total Legacy Fund 843,068 1,716,941 2,067,234 (100,000) 392,775 - 392,775 Civic Center Wastewater Treatment Facility 2,200,000 165,210 2,019,699 - 345,511 - 345,511 Total Civic Center Wastewater Treatment Fac. 165,210 2,200,000 2,019,699 - 345,511 - 345,511 Vehicle 170,305 114,000 35,367 - 248,938 - 248,938
Information Technology 215,315 695,000 906,320 1,200,000 1,203,995 - 1,203,995 Total Internal Service Funds 385,620 809,000 941,687 1,200,000 1,452,933 - 1,452,933 Total All Funds 86,472,554 $ 89,913,082 $ 89,805,563 $ - $ 86,580,073 $ (4,320,867) $ 82,259,206 $ A-10
CURRENT EARNINGS MATURITY
ACCOUNT ISSUER TYPE AMOUNT YIELD TO DATE DATE
Cash Operating First Bank Checking 34,046,060 $ N/A N/ARevolving Cash Fund Internal Petty Cash 700 N/A N/A N/A Investments Local Agency Investment Fund (LAIF) State of CA 49,536,266 0.75% 92,569 $ 1 day Investments Wells Fargo Advisors Federal Home Loan 190,000 2.39% 11/8/2022 Investments Wells Fargo Advisors Federal Home Loan 250,000 2.34% 11/15/2022Investments Wells Fargo Advisors Federal Home Loan 250,000 2.39% 11/22/2022Investments Wells Fargo Advisors Federal Home Loan 250,000 2.84% 3/14/2023 Investments Wells Fargo Advisors Federal Home Loan 250,000 2.84% 3/15/2023 Investments Wells Fargo Advisors Federal Home Loan 250,000 3.52% 12/6/2023 Investments Wells Fargo Advisors Federal Home Loan 250,000 2.53% 6/19/2024 Investments Wells Fargo Advisors Federal Home Loan 125,000 2.53% 6/27/2024 Investments Wells Fargo Advisors Federal Home Loan 200,000 2.12% 3/24/2025 Investments Wells Fargo Advisors Federal Home Loan 200,000 2.12% 3/18/2026 Investments Wells Fargo Advisors Federal Home Loan 250,000 1.21% 10/29/2026 Investments Wells Fargo Advisors Federal Home Loan 250,000 1.26% 12/8/2026 Investments Wells Fargo Advisors Federal Home Loan 250,000 2.15% 12/27/2027 TOTAL CASH AND INVESTMENTS $ 86,548,026 $ 92,569
In compliance with Government Code Section 53646, the Treasurer hereby certifies that sufficient cash andanticipated revenues are available to meet the City's expenditure requirements for the next six months, andfurther, that all investments comply with the City Council's approved investment ordinances.Prepared by:
Renée Neermann, Finance Manager Date
Reviewed by: Ruth F. Quinto, City Treasurer Date
CITY OF MALIBU
CITY TREASURER'S CASH AND INVESTMENTS REPORT
FOR THE QUARTER ENDING SEPTEMBER 30, 2022
11/28/2022
A-11
RQEHKDOI
Joseph D. Toney Digitally signed by Joseph D. Toney Date: 2022.11.28 15:46:09 -08'00'